Launching a new business venture
Scaffolding Company
Bridging short-term cash flow gap
Clear Business Finance helps a scaffold service provider to navigate short-term uncertainty by funding their day-to-day necessities ranging from scaffolding boards, poles & wages.
The Challenge
An up-and-coming scaffolding business was beginning to build traction within their industry and a sense of financial stability, until one day they received a call… It was from a client who had unfortunate news, they had gone into liquidation. This meant they wouldn’t be able to fulfil any upcoming payments, the news had the potential to leave this scaffolding service provider with a very noticeable hole in their cash flow. Furthermore, they had recently taken on several new contracts which they were keen to keep on track.
As a result, the owners of this UK business had two options, they could either wait for the legalities to play out where they might be entitled to some form of compensation. However, this waiting would very likely run the risk of them starting to miss payments of their own and incurring late payment charges. Alternatively, they could act, bridging this short-term uncertainty. They had identified the amount they would need but were unsure where to start when it came to securing funding. Their bank was proving slow to respond and they were running out of time.
Key Facts
Amount Financed
£100,000
Product
Business Loans
Available Funds
24 hours
Contacted us via
Phone (We are easy to talk to)
The Results
At Clear Business Finance we pride ourselves on our quick response times and tailored solutions. We subsequently wasted no time in understanding this UK business owner’s specific difficulties. With an upcoming order of scaffolding boards and poles approaching, not to mention the fulfilment of wages, this had the potential to drain their cash reserves to the extent of £100,000. However, with incoming payments from multiple contracts expected in the coming months, they didn’t want to be tied down to an agreement over a multi-year term. We had the perfect solution!
Through our connections with over 60 of the UK’s leading funding providers, we were able to secure a facility with no setup fees, no early repayment fees, and the ability to settle within anything from a few weeks up to 1 year. All in all, within less than 24 hours, our client now had a financial safety net, which could be utilised partially or in full depending on how their cash flow demands unfolded. Thus allowing impending contracts to go ahead as planned, helping to ensure this unforeseen blip didn’t affect the good name they were beginning to build for themselves. Clever finance indeed!
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Success Stories
What are your ambitions and how can your business achieve them? Here are a few recent examples of how companies like yours are fuelling their growth plans with the right financial support.
EQUIPMENT FINANCE
Amount Financed
£81,525
We all want the right tools for the job, so you will be pleased to hear we’ve made acquiring equipment a whole lot easier.
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Term
4 Years
Equipment
New Large Litho Printer
BUSINESS LOANS
Amount Financed
£250,000
Winning a new contract is great but having the capital to meet the requirements, is just one example of how we help companies across the UK on a daily basis. #DealOfTheWeek!
Term
3 Years
Reason for loan
Contract fulfilment
VEHICLE FINANCE
Amount Financed
£165,000
The MD of a UK based property investment company asked us to organise the finance agreement for her new vehicle. It was a roaring success! #DealOfTheWeek
Term
4 Years
Vehicle
Aston Martin Vanquish S
EQUIPMENT FINANCE
Amount Financed
£468,000
Breaking down the cost of your new plant machinery over a 1 to 5-year term, can allow you to limit your upfront outgoings & protect your cash flow. #DealOfTheWeek.
Key Benefits
Leading Terms & VAT Deferrals
Equipment
Three New LiuGong Excavators
INVOICE FINANCE
Approved Facility
£50,000
Get paid on time, every time. Your invoices can provide you with instant funding. No more waiting 30 - 120 days for payment, get your money upfront. #DealOfTheWeek!
Facility
Full Book
Available funds
within 24 hours
DEVELOPMENT FINANCE
Amount Finance
£151,000
80% of the sites value with no personal guarantees gave our client sufficient time to secure the site and gain planning permission.
#DealOfTheWeek
Facility
Bridging Loan
Term
6 months
EQUIPMENT FINANCE
Amount Financed
£232,500
Protect yourself against asset depreciation & keep up with ever-evolving technology. Finance your tech related acquisitions & upgrade at any point. #DealOfTheWeek!
Client
Two Medical Supercentres
Equipment
Handsets, CRM Integration & PC's
GREEN ENERGY FINANCE
Amount Financed
£550,000
Our client was able to totally remove his business’s reliance on natural gasses and switch to green energy for a fraction of the cost.
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Term
5 Years
Equipment
500kw Solar PV Install
MERCHANT CASH ADVANCE
Amount Advanced
£190,000
A financial solution where repayments flex in line with your future debit/credit card transactions, mirroring the ups & downs of your business. #DealOfTheWeek.
Available funds
within 24 hours
Client
A leading tooling retailer